Stamp Duty

[niknjas]

Hi

 

Can anyone tell us what the stamp duty theshold is / whther it exists?

 

Thanks

 

Jason & Niki

[Guest lippy]

It exists!!

 

On everything including cars!

[niknjas]

Please say you're jesting - even on cars?!?

How much stamp duty can you expect to pay on things as a rule?

[Guest David Brown]

I know its a nightmare, got quite a shock a few weeks a go when I bought a car, stamp duty I said, I thought that was just for houses. Well I managed to use my ignorance as an excuse to knock the car price down a bit further!

 

Anyway I bought a car for 17000 and paid around 600 duty, but its quite a whack on house purchases.

 

Please say you're jesting - even on cars?!?

How much stamp duty can you expect to pay on things as a rule?

[Guest SA Great]

Please say you're jesting - even on cars?!?

How much stamp duty can you expect to pay on things as a rule?

 

Hi niknjas it's your fellow Swindonian here!! Yes stamp duty is fairly high. On houses I think its around 5% in SA. A friend of ours recently bought a property for $500,000 and spent around $25,000 on stamp duty. Also, every time you buy a car, new or second hand, you pay stamp duty. We bought a car for $15,000 and we paid $540. Hope everything is going well.

[Guest Jim Scott]

Government fees for property purchases:

 

TITLE TRANSFER FEE:

Up to $5,000 = $112.00

$5,001-$20,000 = $125.000

$20,001-$40,000 = $140

> $40,00 =$201 + $62 for

every $10,000 or part $10,000

above $40,000

+

 

STAMP DUTY

Owner – Occupied and Investment

Charge is based on the purchase price, first part of section below is the purchase price range, which attracts a lump sum, then a % for the actual price exceeding the selected range.

Example: purchase price $320,000 = $11,330 + ($320,000 - $300,000 = $20,000 x 5% = $1,000) i.e. $11,330 + $1,000 = $12,330

 

$0 - $11,999 = 1%

$12,000 - $29,999 = $120 + 2% > $12,000

$30,000 - $49,999 = $480 + 3% > $30,000

$50,000 - $99,999 = $1,080 + 3.5% > $50,000

$100,000 - $199,999 = $2,830 + 4% > $100,000

$200,000 - $249,999 = $6,830 + 4.25% > $200,000

$250,000 - $299,999 $8,955 + 4.75% > $250,000

$300,000 - $499,999 = $11,330 + 5% > $300,000

>$500,000 = $21,330 + 5.5% > $500,000

First Home Owners

From June 4, 2008 First

Home Owners no longer get

any concessions on stamp duty

instead having access to an

extra $4,000 bonus on top of

their FHOG

 

+

 

$112 to register a mortgage

 

+

 

Mortgage stamp duty, depends on how much you borrow and only applicable for investment properties..